Rishab Special Yarns Ltd — Important, 01-01-1970: Company Update

Rishab Special Yarns Limited has released a post-offer public announcement regarding the open offer by Mr. Vatsal Agarwaal and Nextera Global Private Limited. The offer aimed to acquire up to 26% of the company's shares at ₹13.00 each, totaling up to ₹1.20 Cr. However, no shares were tendered or accepted by public shareholders. Consequently, the acquirers' stake remains at 44.23%, reflecting the shares obtained through a prior Share Purchase Agreement that triggered the open offer. They plan to apply for reclassification as company promoters.